Providence Resources - Barryroe: Irving Oil - Believe a Deal Will be...

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13:10 23/08/2016

Believe a Deal Will be done With Irving Oil And maybe some other Party to take oil and gas out of Barryroe. We can argue the technicalities of Barryroe and each geólogist will have a different view. Irving will require oil for Its refinery - whitegate. Nowhere cheaper then to produce at Barryroe (capex written Off against future production) and thereafter refine Your own oil. Irish Government could help out by ensuring oil refined There gets consumed in Ireland i.e guaranteeing a market. May be some legal barries with EU competition laws but I think It could be proven that Barryroe is very competetive. Also found it strange That no mention of the Irving Whitegate development was mentioned at AGM.

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